Microsoft Earnings and Falling Oil Prices Boost U.S. Stocks; Philly Fed Index Rises Over 8%

Wall Street experienced a substantial rebound on July 31, 2026, as major stock indices registered significant gains. The positive market sentiment was largely driven by encouraging financial results from Microsoft and a notable decrease in international oil prices. These factors helped alleviate investor concerns about rising U.S. Treasury yields.

The Dow Jones Industrial Average climbed 613.92 points, closing at 52,208.06, an increase of 1.19%. The S&P 500 index followed suit, adding 121.48 points to reach 7,437.63, marking a 1.66% rise. The technology-heavy Nasdaq Composite also saw considerable upward movement, gaining 679.24 points to finish at 25,122.18, a 2.78% increase.

Notably, the Philadelphia Semiconductor Index demonstrated exceptional strength, surging by 855.50 points, or 8.19%, to close at 11,302.99. This significant jump in the semiconductor sector underscored the positive impact of tech-related news and broader market optimism.